Cement News tagged under: Weekly Newsletter
Bolivian market contracts 24% in January07 April 2021, Published under Cement NewsCement consumption in Bolivia saw a 24.1 per cent drop to 230,317t in January 2021 from 303,619t in January 2020, according to Bolivia’s national statistics institute, INE. A MoM fall of 29.8 per cent was noted when compared with a demand of 328,064t in December 2020. Bolivian cement production declined 38.9 per cent from 392,217 in January 2020 to 239,663t in January 2021. When compared with December 2020, a 25.8 per cent drop from 322,876t was reported. |
Zimbabwean import ban raises supply concerns07 April 2021, Published under Cement NewsZimbabwean retailers are concerned over the capacity of local cement companies to satisfy demand after a cement import ban has been implemented. However, the government is keen to protect jobs and its import ban (SI 89 of 2021) has sparked fears that the move might trigger collusion among local cement producers, causing prices increases and cement shortages. "The local content policy strives to increase the consumption of local produce and it harnesses the creation of jobs so we than... |
California Nevada Cement Association describes pathways to net zero carbon operation06 April 2021, Published under Cement NewsThe California Nevada Cement Association (CNCA) envisions three major pathways for the industry to attain net zero carbon operation by 2045. The roadmap required reducing production process emissions, reducing combustion emissions through fuel switching and increasing distributed electricity generation. "Releasing this industry-wide roadmap is an exciting and critical step toward carbon neutrality," says CNCA Executive Director, Tom Tietz. "However, we cannot get to net zero alone and t... |
Kolos sees 17% profit drop in 202006 April 2021, Published under Cement NewsMauritius-based Kolos saw its profits fall by 17.4 per cent to MUR145m (US$3.57) from MUR175.6m in 2019. The company’s income declined from MUR1.4bn to MUR1.3bn. The drop in profit and income was the result of the lockdown due to the COVID-19 pandemic as well as the rising cost of raw materials as the rupee weakened. However, the company stated that “despite the difficult operating environment, the company showed tremendous resilience and demonstrated its ability to ensure continuous sup... |
Lafarge Africa reports 99% growth in FY2031 March 2021, Published under Cement NewsLafarge Africa Plc has declared a 98.8 per cent YoY growth in profit to NGN30.8bn (US$788.7m) for the FY20, compared to NGN15.5bn reported in FY19. The growth is linked to the company's cost optimisation strategy to reduce loss arising from unproductive assets. This move led to the improvement in the company’s recurring EBIT margin from 16 per cent in 2019 to 20 per cent in 2020. Lafarge's revenue expanded by 8.3 per cent YoY to NGN230.6bn, driven by the strong demand for cement... |
Sephaku Cement sees 10% revenue increase in 202031 March 2021, Published under Cement NewsSouth Africa's Sephaku Cement (Dangote Group) has reported a nine per cent YoY increase in sales volumes for 2020, despite 1H20 volumes being down 8.5 per cent YoY. In the 3Q20 the company recorded its highest quarterly volumes to date, according to a statement. The company’s after-tax profit for 2020 was ZAR44.4m (US$2.99m) compared to ZAR1.3m in the previous year. Revenue also increased 9.8 per cent YoY to ZAR2.40bn from ZAR2.18bn in 2019, due to the relative increase in sales volume. EB... |
West China Cement sees sales volumes rise 3%30 March 2021, Published under Cement NewsWest China Cement has seen its attributable profit decrease 13.4 per cent YoY to CNY1560m (US$237.48m) in 2020, compared with CNY1801.3m in the previous year. Revenue was down 1.6 per cent YoY to CNY7131m from CNY7247m in 2019, while EBITDA fell 3.3 per cent to CNY2997m. However, total cement and clinker sales volumes rose 3.1 per cent YoY to 19.9Mt from 19.3Mt. Cement volumes improved 4.3 per cent to 19.6Mt. |
Buzzi Unicem's Board of Directors assesses 2020 Consolidated Financial Statement29 March 2021, Published under Cement NewsThe Board of Directors of Buzzi Unicem SpA have examined the statutory and consolidated financial statements for the year ended 31 December 2020. In the year under review, the group sold 29.3Mt of cement, up 0.4 per cent compared to 2019 and 11.7Mm 3 of ready-mix concrete, down compared to the figure recorded in the previous year (-3.1 per cent). Consolidated net sales remained virtually unchanged during the two years, increasing from EUR3221.4m to EUR3222.4m. Changes in scope had a ... |
Algeria starts clinker exports to France29 March 2021, Published under Cement NewsCILAS commenced Algerian clinker exports to France with a 9000t shipment of clinker from the port of Skikda. In the coming weeks, other shipments of 10,000t will leave Algeria for France, according to M Souakri. Clinker exports to other European countries such as Serbia and Belgium are also being considered. The company has set a clinker export target of 1Mt this year. Earlier shipments of 80,000t of clinker were sent to Guadeloupe and Martinique from Djendjen and to Cameroon and Sierra ... |
Cement prices rise in Ghana29 March 2021, Published under Cement NewsCement prices in Tamale, Ghana, have risen amid reports of a cement shortage, according to Ghana News Agency. Ghacem and Dangote Cement brands are being sold at GHS50 (US$8.68)/bag while Diamond Cement and other brands are currently around GHS48/bag, up from GHS47 and GHS45, respectively. Construction companies in the region are expected to pay the higher prices for the limited stock to complete their projects before the rainy season begins. |